Simpson Foundation

Morganton, NC
Tax-exempt since Oct. 1985
EIN: 56-6244644

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$241 (2024)

Expenses

$550 (2024)

Total Assets

$7.16k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2024

Revenue

$241

Expenses

$550

Net Income

-$309

Net Assets

$7,159

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$241	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$400	72.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,159
Total Liabilities	$0
Net Assets	$7,159

Compensation

Key Employees and Officers	Compensation	Other
James Reid Simpson Ii (Chairman)	$0	$0

990-PF

Filed on Aug. 25, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Sept.
2023

Revenue

$218

Expenses

$1,852

Net Income

-$1,634

Net Assets

$7,468

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$218	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$400	21.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,468
Total Liabilities	$0
Net Assets	$7,468

Compensation

Key Employees and Officers	Compensation	Other
James Reid Simpson Ii (Chairman)	$0	$0

990-PF

Filed on Aug. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Sept.
2022

Revenue

$204

Expenses

$3,900

Net Income

-$3,696

Net Assets

$9,102

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$204	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$450	11.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,102
Total Liabilities	$0
Net Assets	$9,102

Compensation

Key Employees and Officers	Compensation	Other
James Reid Simpson Ii (Chairman)	$0	$0

990-PF

Filed on Aug. 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2021

Revenue

$699

Expenses

$1,119

Net Income

-$420

Net Assets

$12,798

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500	71.5%
Interest Revenue	$0
Dividends	$199	28.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$700	62.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,798
Total Liabilities	$0
Net Assets	$12,798

Compensation

Key Employees and Officers	Compensation	Other
James Reid Simpson Ii (Chairman)	$0	$0

990-PF

Filed on Aug. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2020

Revenue

$1,344

Expenses

$1,700

Net Income

-$356

Net Assets

$13,217

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000	74.4%
Interest Revenue	$0
Dividends	$344	25.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$600	35.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,218
Total Liabilities	$1
Net Assets	$13,217

Compensation

Key Employees and Officers	Compensation	Other
James Reid Simpson Ii (Chairman)	$0	$0

990-PF

Filed on Aug. 12, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Sept.
2019

Revenue

$1,920

Expenses

$2,803

Net Income

-$883

Net Assets

$13,573

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$900	46.9%
Interest Revenue	$0
Dividends	$596	31.0%
Sales of Assets	$424	22.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$600	21.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,574
Total Liabilities	$1
Net Assets	$13,573

Compensation

Key Employees and Officers	Compensation	Other
James Reid Simpson Ii (Chairman)	$0	$0

990-PF

Filed on June 22, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2018

Revenue

$1,764

Expenses

$1,531

Net Income

$233

Net Assets

$14,457

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,200	68.0%
Interest Revenue	$0
Dividends	$564	32.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$700	45.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,457
Total Liabilities	$0
Net Assets	$14,457

Compensation

Key Employees and Officers	Compensation	Other
James Reid Simpson Ii (Chairman)	$0	$0

990-PF

Filed on Jan. 28, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2017

Revenue

$1,773

Expenses

$5,719

Net Income

-$3,946

Net Assets

$14,224

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,200	67.7%
Interest Revenue	$0
Dividends	$573	32.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,832	67.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,224
Total Liabilities	$0
Net Assets	$14,224

Compensation

Key Employees and Officers	Compensation	Other
James Reid Simpson Ii (Chairman)	$0	$0

990-PF

Filed on July 31, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2016

Revenue

$1,789

Expenses

$664

Net Income

$1,125

Net Assets

$17,813

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,200	67.1%
Interest Revenue	$0
Dividends	$589	32.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,813
Total Liabilities	$0
Net Assets	$17,813

Compensation

Key Employees and Officers	Compensation	Other
James Reid Simpson Ii (Chairman)	$0	$0

990-PF

Filed on Feb. 8, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2015

Revenue

$1,799

Expenses

$1,410

Net Income

$389

Net Assets

$16,234

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,200	66.7%
Interest Revenue	$0
Dividends	$599	33.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,234
Total Liabilities	$0
Net Assets	$16,234

Compensation

Key Employees and Officers	Compensation	Other
James Reid Simpson Ii (Chairman)	$0	$0

990-PF

Filed on May 16, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2014

Revenue

$1,693

Expenses

$1,500

Net Income

$193

Net Assets

$15,820

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,200	70.9%
Interest Revenue	$0
Dividends	$493	29.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,820
Total Liabilities	$0
Net Assets	$15,820

Compensation

Key Employees and Officers	Compensation	Other
James Reid Simpson Ii (Chairman)	$0	$0

990-PF

Filed on May 14, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2013

Revenue

$1,499

Expenses

Net Income

$1,499

Net Assets

$15,578

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,100	73.4%
Interest Revenue	$0
Dividends	$399	26.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,579
Total Liabilities	$1
Net Assets	$15,578

990-PF

Filed on July 8, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2012

Revenue

$1,685

Expenses

$2,426

Net Income

-$741

Net Assets

$13,939

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,200	71.2%
Interest Revenue	$0
Dividends	$485	28.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$726	29.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,940
Total Liabilities	$1
Net Assets	$13,939

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$1,784

Expenses

$3,395

Net Income

-$1,611

Net Assets

$14,565

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,100	61.7%
Interest Revenue	$0
Dividends	$663	37.2%
Sales of Assets	$21	1.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,473	43.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,566
Total Liabilities	$1
Net Assets	$14,565

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Simpson Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $241 (2024)

Expenses $550 (2024)

Total Assets $7.16k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Sept. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$241 (2024)

Expenses

$550 (2024)

Total Assets

$7.16k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Sept.
2024

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
2003

Fiscal Year Ending Sept.
2002

Fiscal Year Ending Sept.
2001